Telefónica’s 56 per cent stake in Canal Plus has cost €724.5 million, the high end of a price range agreed by both companies, who initially calculated a cost of between €688.2 million and €724.5 million.

The deeds of the operation have been signed with this ‘better price’ for media group Prisa – which sold the stakes to Telefónica. The operation had previously been approved by competition authority CNMC.

The telco now controls 100 per cent of the company, which has over 3.7 million pay-TV subscribers.

Other posts by :

1. BBC: You’ll miss me when I’m gone
2. Some new US Starlink subs face $1,000 start-up fee
3. Project Kuiper beating OneWeb
4. OQ Tech gets Luxembourg 5G-by-Sat concession
5. Roskosmos: Heads roll, launch project scrapped
6. MDA under pressure over satellite order
7. SES backs C-band action from FCC
8. Congested orbits mean high risks of debris
9. SpaceX bids fairwell to booster 1076

Categories: Articles, Business, M&A